Zenith 'A-' Rating Affirmed; Capital Raised

A.M. Best Co. on Friday affirmed the financial strength rating of A- (Excellent) of Zenith National Insurance Group (Zenith), (Woodland Hills, CA). Days earlier the company had filed with the SEC papers reflecting the infusion of $47.4 million of capital. The financial strength rating applies to three intercompany pool members and is based on the consolidated operating performance and financial condition of the three insurers. Concurrently, a "bbb-" subordinated debt rating has been assigned to existing capital securities issued by Zenith National Insurance Trust I, a subsidiary of Zenith Nat...